Newfoundland and Labrador's government announces a call for exploration bids on 16 offshore areas, offering up to $30 million to offset drilling costs. Premier Tony Wakeham highlighted the increasing oil production, which reached nearly 8.2 million barrels in October, the highest since July 2021. This initiative aims to attract companies to explore new oil frontiers off the province's east coast.
Sign in to access complete coverage, AI analysis, and related companies.
Sign In to Continue